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Shiseido Co (FRA:SHD) Cyclically Adjusted PB Ratio : 3.78 (As of May. 31, 2024)


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What is Shiseido Co Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Shiseido Co's current share price is €29.18. Shiseido Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.71. Shiseido Co's Cyclically Adjusted PB Ratio for today is 3.78.

The historical rank and industry rank for Shiseido Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SHD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.75   Med: 5.9   Max: 10.28
Current: 3.95

During the past years, Shiseido Co's highest Cyclically Adjusted PB Ratio was 10.28. The lowest was 2.75. And the median was 5.90.

FRA:SHD's Cyclically Adjusted PB Ratio is ranked worse than
83.32% of 1313 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs FRA:SHD: 3.95

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Shiseido Co's adjusted book value per share data for the three months ended in Mar. 2024 was €9.670. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €7.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shiseido Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shiseido Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shiseido Co Cyclically Adjusted PB Ratio Chart

Shiseido Co Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.17 7.36 6.25 5.67 3.43

Shiseido Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.32 5.46 4.31 3.43 3.25

Competitive Comparison of Shiseido Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Shiseido Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shiseido Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiseido Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shiseido Co's Cyclically Adjusted PB Ratio falls into.



Shiseido Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Shiseido Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.18/7.71
=3.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shiseido Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shiseido Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.67/107.2000*107.2000
=9.670

Current CPI (Mar. 2024) = 107.2000.

Shiseido Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.711 98.000 6.247
201409 6.141 98.500 6.683
201412 6.149 97.900 6.733
201503 7.465 97.900 8.174
201506 6.963 98.400 7.586
201509 7.288 98.500 7.932
201512 0.000 98.100 0.000
201603 7.889 97.900 8.638
201606 7.693 98.100 8.407
201609 8.086 98.000 8.845
201612 8.060 98.400 8.781
201703 8.194 98.100 8.954
201706 8.188 98.500 8.911
201709 7.089 98.800 7.692
201712 7.946 99.400 8.570
201803 8.304 99.200 8.974
201806 8.853 99.200 9.567
201809 9.010 99.900 9.668
201812 8.818 99.700 9.481
201903 9.500 99.700 10.215
201906 9.989 99.800 10.730
201909 10.394 100.100 11.131
201912 10.279 100.500 10.964
202003 10.182 100.300 10.882
202006 9.544 99.900 10.241
202009 9.305 99.900 9.985
202012 9.325 99.300 10.067
202103 9.590 99.900 10.291
202106 9.086 99.500 9.789
202109 10.235 100.100 10.961
202112 10.522 100.100 11.268
202203 10.584 101.100 11.223
202206 10.683 101.800 11.250
202209 10.955 103.100 11.391
202212 10.582 104.100 10.897
202303 10.283 104.400 10.559
202306 10.150 105.200 10.343
202309 9.970 106.200 10.064
202312 9.860 106.800 9.897
202403 9.670 107.200 9.670

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Shiseido Co  (FRA:SHD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Shiseido Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Shiseido Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shiseido Co (FRA:SHD) Business Description

Traded in Other Exchanges
Address
5-5 Ginza 7-chome, Chuo-ku, Tokyo, JPN, 104-0061
Shiseido is a leading Japanese cosmetics manufacturer. Founded in 1872, the first Western-style pharmacy in Ginza, Tokyo, it is one of the oldest cosmetics companies globally. Shiseido's suite of 31 brands, including its namesake brand and luxury Clé de Peau Beauté, has an 9.3% share of Japan's beauty and personal care market and 18.3% share of Japan's premium segment according to Euromonitor. It is also ranked No. 3 after Estée Lauder and L'Oréal, with 7.6% market share in the global premium skincare space, thanks to a strong presence in China. China, Japan, and western markets each account for about 25% of sales, followed by 15% of travel retail, and 6% in Asia. Its distribution channels include department stores, drugstores, specialty retailers, travel retailers, and e-commerce.

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